Dealmaking has also sent pot stocks soaring. Major alcohol companies, Big Tobacco, and even pharmaceutical companies are looking to partner with the cannabis industry for a taste of this rapid growth. The biggest tie-up to date involves a $3.8 billion equity investment in Canopy Growth Corp. by Corona and Modelo beer producer Constellation Brands.
Did you overlook this jaw-dropping statistic in Tilray’s prospectus?
But in recent months, no stock has captivated the marijuana investors more than medical cannabis grower Tilray (NASDAQ:TLRY). What’s truly amazing about Tilray is that it hasn’t even been a publicly traded company for two months, yet it’s seemingly risen through the ranks as investors’ favorite pot stock. Since pricing its shares at $17 on July 18, Tilray has rallied as much as 470%. In fact, at one point, it nearly gave Canopy Growth a run for its money as the largest marijuana stock by market cap. [Read More @ Motley Fool]